I received a scholarship that covered room, board, and tuition. That was my only income. I'm full time student. Do I owe taxes on the portion that covered room and board?

Q. Do I owe taxes on the portion that covered room and board?

A. Yes.  But, if that is your only income, you do not need to file a tax return (or pay tax) if the amount of excess  scholarship (the amount for R&B) is less than $14,600.